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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 695.60
Bid: 695.80
Ask: 696.00
Change: -1.40 (-0.20%)
Spread: 0.20 (0.029%)
Open: 696.10
High: 697.90
Low: 694.80
Prev. Close: 697.00
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Sunday newspaper round-up: Brexit deal, HSBC, Fresh fruit

Sun, 26th Feb 2023 14:16

(Sharecast News) - Deputy Prime Minister Dominic Raab has refused to say whether Parliament will vote on the government's new Brexit deal. He did however tell Sky's Sophy Ridge on Sunday programme that "Parliament will find a away to have its say". The plan was expected to be unveiled possibly as early as Monday. "We want to handle this properly and in the right way," he said. I think one thing we've learned with meaningful votes and various other things since 2016 and beyond is that you have to carry Parliament with you, and I'm confident we would be able to." However, as of Sunday, it appeared unlikely that the proposals would satisfy the ERG or DUP. - Sunday Telegraph

HSBC wants to halve the office space at its headquarters as part of its embrace of flexible working. With that aim, it has engaged Cushman & Wakefield to find a new HQ with 400,000-500,000 square feet of space, against the 1.1m sq.ft. available at its 45-storey tower in London's Canary Wharf. Globally, the lender wants to slash its office space by 40% versus pre-pandemic levels. In parallel, the chief executive officer of Canary Wharf Group is looking to diversify away from lenders and law firms by attracting life sciences outfits. - Financial Mail on Sunday

The dearth of some fresh fruit and vegetables at grocers may just be the "tip of the iceberg", according to the National Farmers' Union. Poor weather in Europe and Africa, Brexit red tape and the hit to UK and Dutch producers from the jump in energy bills were all to blame. Nonetheless, NFU president, Tom Bradshaw, said that relying on imports had left the UK especially vulnerable to "shock weather events". Bradshaw highlighted how energy inflation had led many farmers who produce in glasshouses not to plant, due to their lack of confidence in being able to secure the returns necessary to justify the risk of planting. Curiously, Brexit had increased reliance on even more distant producers. - Guardian

Revolut, Britain's largest financial technology outfit, may be on the cusp of clinching a UK banking license within weeks after a two-year effort. The breakthrough will be thanks to the publication this week of its overdue 2021 accounts. A trading update is also expected to show that its turnover jumped again last year. The company now operates in over 200 countries and counts more than 25m customers. A UK license would allow Revolut to hold customer deposits and lend. Analysts believe it could also drive the outfit's valuation - which at one point in 2021 topped NatWest's - even higher. - Financial Mail on Sunday

ITV's full-year numbers, which are due out this coming week, are expected to show that its efforts to take on Netflix and Disney are yielding results and that it is cutting its reliance on old-style terrestrial TV. Revenues from the streaming and studios businesses are both seen growing at double-digit rates and accounting for over half of the total. Boss Carolyn McCall's initiative to replace ITV hub with a new online service is also expected to have boomed since its launch in December. - Financial Mail on Sunday

More News
9 Apr 2024 07:05

HSBC to take $1bn hit from Argentina unit sale

(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.

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8 Apr 2024 19:45

West Virginia treasurer adds four finance firms to ESG blacklist

NEW YORK, April 8 (Reuters) - West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry.

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8 Apr 2024 07:00

HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

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5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

MADRID, April 5 (Reuters) - Spanish privately owned logistics group Berge has dropped plans to list shares in its automotive unit Astara as market conditions are not the most appropriate for a flotation, the company said late Thursday.

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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

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2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

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28 Mar 2024 09:55

UBS makes Ermotti Europe's best-paid bank boss with $16 mln package

Ermotti earned $15.9 mln in 2023

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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